oblems Help Save & E Che Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31, 2016, were inventory. $49,900, total assets, $249,400, common stock, $87,000, and retained earnings, $47,724) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales 448,600 Cost of goods sold Gross profit Operating expenses Interest expense 297,658 150,950 99,300 4,300 47,35e 19,074 28,276 Income before taxes Income taxes Net income CABOT CORPORATION December 31, 2017 Liabilities and Equity Assets 20,000 Accounts payable Cash Short-term 3,200 8,800 Accrued wages payable investments e to search tion.c Problems Balance Sheet December 31, 2017 Liabilities and Equity 20,00 Accounts payable Cash s18,500 Short-term investments Accounts receivable, 8,800 Accrued wages payable 3,200 33,600 Income taxes payable 3,300 net 1.12 Notes receivable (trade)* Merchandise 6,500 36,150 Long-term note payable, secured by 70,400 mortgage on plant assets inventory Prepaid expenses Plant assets, net 150,300 Ret 87,000 76,000 3,ese Common stock Retained earnings es $258,400 $258,400 Total liabilities and equity Total assets These are short-term notes receivable arising from customer (trade) sales. Required: Compute the following (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days 6) debt-to-equity ratio. () times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, a on common stockholders' equity (Do not round intermediate calculations.) K Prev6 of 8Next > Req 1 and 2 Req 3 Req 4 Req 5 Req 6Req 7Req 8 Req 9 Req 10 Compute the current ratio and acid-test ratio. 1O | Current ratio = 2017: 0 to 1 Choose Numerator: Acid-Test Ratio 0 to 1 2017: Req 3 > Ch 13 Problems 6 Complete this question by entering your answers in the tabs below. 12.5 Req 1 and 2 Req 3 points Rea 6 Req 10 Re 012038Compute the days sales uncollected. Choose Den eBook se Numerator: Print Days sales uncollected References 2017: Req4 > Req 1 and 2 6 of 8 Prew